MATTER OF G.A.C. CORP.

Bankruptcy No. 76-131-BK-NCR-B.

14 B.R. 252 (1981)

In the Matter of G.A.C. CORPORATION Bankrupt.

United States District Court, S.D. Florida.

June 1, 1981.


Attorney(s) appearing for the Case

Frank J. Callahan, Coral Gables, Fla., Herbert S. Freehling, trustee, Fort Lauderdale, Fla., Blackwell, Walker, Gray, Powers, Flick & Hoehl, John R. Camp, Jr., James Yacos, Miami, Fla., Irell & Manella, Milton B. Hyman, Los Angeles, Cal., Britton, Cohen, Kaufman, Benson & Schantz, Miami, Fla., Molloy, Jones, Donahue, Trachta, Childers & Mallamo, John F. Molloy, Tucson, Ariz., Baldwin & Haspel, Michael F. Little, New Orleans, La., for trustees.

Mortimer Shapiro, New York City, Layne & Brill, Herbert L. Brill, Miami, Fla., for Protective Committee.

Robinson & Wolas, Herbert Wolas, Los Angeles, Cal., Martin Sandler, Miami, Fla., Richard H. Millen, Los Angeles, Cal., for GAC Prop. Credit Commission.

Greenberg, Traurig, Hoffman, Lipoff & Quentel, P.A., Miami, Fla., for GAC Corp. Committee.

Carlton, Fields, Ward, Emmanuel, Smith & Cutler, Tampa, Fla., for Polk, Collier and Osceola Counties.

Irving Wolff, Miami, Fla., for Bianco, Halfond and Travelers.

Welbaum, Zook, Jones & Williams, Miami, Fla., for Travelers.

Lovitt & Hannan, San Francisco, Cal., Murray B. Weil, Jr., Miami Beach, Fla., for class action lot purchasers.

Bradford, Williams, McKay, Kimbrell & Hamann, Carl K. Hoffmann, Miami, Fla., for indenture trustee.

Gunn, Venney & Buhler, Miami, Fla., Orrick, Herrington, Rowley & Sutcliffe, Sidney Roberts, San Francisco, Cal., for Bank of America.

Smathers & Thompson, Miami, Fla., Weil, Gotshal & Manges, New York City, for Oppenheimer & Co.

Steel, Hector & Davis, Jerry B. Crockett, Miami, Fla., Cravath, Swaine & Moore, William Struyk, Allen H. Merril, New York City, for Chemical Bank.

Nemser & Nemser, New York City, for Protective Comm. Credit Debentures.

Shearman & Sterling, Peter T. DeKoszmovszky, New York City, for Citibank N.A.


MEMORANDUM DECISION, FEE APPLICATIONS

THOMAS C. BRITTON, Bankruptcy Judge.

Thirty-five applicants seek almost $10 million in fees and $312,349 in expenses in these consolidated Chapter X cases. The applications were heard on October 28, 29 and December 9 and 10, 1980. A report and recommendation by the S.E.C., which had been requested by this court, was received on February 6, 1981. Response to those recommendations was heard on February 23.

The...

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